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CEX.io Review

Crypto traders can be quite active, so a top-notch trading platform is a key feature for many. Traders who are looking for more of a professional https://www.tokenexus.com/ feel might consider Gemini or BYDFi. When it comes to funding your account, many of the different methods available come with a hefty fee.

CEX.io Review

Currencies & Payment Methods

BitDegree aims to uncover, simplify & share Web3 & cryptocurrency education with the masses. Join millions, easily discover and understand cryptocurrencies, price charts, top crypto exchanges & wallets in one place. Any crypto asset supported by the CEX.IO exchange can be used with this crypto debit card.

CEX.io Review

Enhanced Verification Tier

CEX.io Review

It’s also worth mentioning that CEX.IO is committed to following government regulations and collaborating with regulators. While some other exchanges have tried to skirt the rules and run into legal issues as a result, this is unlikely to happen to CEX.IO. CEX.IO has a blog that includes some educational articles, but posts are sporadic, and there are plenty of important subjects that aren’t covered. Compared to other exchanges that have in-depth modules, CEX.IO comes up short. Beginner investors may not be satisfied with this exchange’s educational content.

How to withdraw crypto at CEX.io?

If you hold a stakeable digital asset in your CEX.IO wallet, you can earn daily interest. The exact returns vary depending on which digital currency you hold. The exchange claims to have never lost a single cent of user funds. In the early days, CEX.IO’s main product was a cloud mining pool called Ghash.io.

The platform also has lower trading fees than other large platforms like Coinbase, Kraken and Gemini. CEX.IO now runs a cryptocurrency exchange where investors can buy, sell, trade and store cryptocurrencies. CEX.IO was the first exchange to allow users to purchase cryptocurrencies with a credit card. Today, CEX.IO operates in more than 200 countries around the world, plus 34 states and the District of Columbia in the United States.

Regulation and Deposit Protection

For first-time investors, the exchange may be a little overwhelming due to the plethora of products and features it offers. Experienced traders and investors, however, will find that CEX.IO should meet all of their crypto needs. To complete your registration and start trading, however, you’ll need to undergo an identity verification process that involves uploading government-issued ID documentation and sharing your address.

CEX.io Review

CEX.io is considered to be one of the top and most secure cryptocurrency exchanges currently on the market. Users with a verified account can use more payment methods and have higher deposit and withdrawal limits. It is also necessary to have a verified account if users want to withdraw in fiat currencies. Investors will need to have a long-term buy and hold strategy to justify a 10.9% trading fee.

With over 3 million registered users, secure client accounts and two-factor authorisation, CEX.IO is one of safest exchanges out there. Like Coinbase, CEX.IO charges hefty fees for direct credit card purchases of digital coins through its platform. These fees are 3.9% +$0.25c per purchase, which is certainly not cheap. However, purchases made using bank transfers (ACH and SEPA) are free. Like other cryptocurrency exchanges, CEX.IO uses a maker-taker model which rewards those who add liquidity to the market (makers) and charges slightly more to those who remove liquidity (takers).

How CEX.IO Compares to Other Cryptocurrency Companies

Today we will review CEX.io, a multifunctional exchange used by over 3 million people. As a result, CEX is a highly transparent operator, and maintains high security standards and is registered with the ICO in the UK and with FINCEN in the US. The team are quite open with their security protocols and legal setup and more information can be found here, and here. The team behind CEX make use of a range of security protocols including protection against DDoS attacks, full data encryption, offline cold storage, and two-factor authentication (2FA).

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